Dubai - Polyurethane solutions specialist BaySystems Pearl, a joint venture between Bayer MaterialScience and Pearl Insulation Materials Industries, has signed an agreement with Dubai Investments Park (DIP) to relocate its regional offices and production facilities to DIP, the company said recently.
DIP, wholly owned by Dubai Investments, is the largest integrated business and residential community in the Middle East and covers an area of 32 million-sq.m. The company's new facility will be built on a 20 000-sq.m plot within the park.
The agreement was signed between Omar Al Mesmar, general manager of DIP, and Feroz Saleem, managing director of BaySystems Pearl.
"As the leading provider of polyurethane systems for the construction, automotive and comfort industries in the region, BaySystems Pearl will now be closer to one of its most vibrant markets with its new home at Dubai Investments park," said Saleem.
"DIP is renowned for the world-class infrastructure facilities it offers tenants, and the Park's strategic location and close proximity to the Jebel Ali port and the upcoming Al Maktoum International Airport are sure to constitute a major logistical advantage for Baystems Pearl," added Mesmar.